541 Manchester Boulevard N – Property Summary
Key Characteristics & Buyer Profile
This is a 1947 bungalow with 1,032 square feet of living space on a 5,115-square-foot lot. It's a modest, older home in Wildwood, a well-established Winnipeg neighbourhood. The property sits below the street and neighbourhood averages for both living area and lot size—many nearby homes are larger and sit on bigger parcels. Its assessed value is $379,000, which is around the average for its street but notably below the Wildwood neighbourhood average of $568,200.
The appeal here is entry-level affordability in a mature area. You're not paying a premium for space or a large yard; instead, you're buying into a neighbourhood where many homes are more expensive and larger. This property would suit a first-time buyer, someone looking to downsize without leaving the area, or an investor focused on location over square footage. The relatively low land-to-building ratio also suggests potential for future expansion or redevelopment—if the lot size permits under current zoning—but that's something to verify directly with the city. It's not a flashy house, but it's priced to reflect that.
Five Possible FAQs
1. How does this home compare to others on the street and in Wildwood overall?
It's smaller than most. On Manchester Boulevard N, it ranks 41st out of 44 for living area. In the broader Wildwood neighbourhood, it ranks 347th out of 377. The assessed value is around the street average but well below the neighbourhood average, which is driven by larger, more expensive homes nearby.
2. What's the lot like, and could I add on to the house?
The lot is 5,115 square feet—below the street average of 5,960 and well below the Wildwood average of 9,032. It ranks in the bottom half citywide. Whether you can expand depends on local setback rules and zoning; the property's age and lot size suggest any addition would be tight. A conversation with the city's planning department or a local architect would be wise before assuming anything.
3. Why is the assessed value lower than the neighbourhood average?
Assessed value reflects comparable sales, not replacement cost. Since this home is smaller and sits on less land than most Wildwood properties, its value is naturally lower. That said, it's close to the street average and citywide average, so it's not an outlier—just a more modest entry point in a neighbourhood with many higher-end homes.
4. How old is the house, and what should I watch for with a 1947 build?
It was built in 1947, which is older than most homes citywide (average is 1966) but actually newer than the average Wildwood home (1950). Post-war homes of this era often have original mechanicals, wiring, and windows that may need updating. Foundation type (likely concrete block or poured concrete) and insulation standards are worth inspecting. It's not a historic property, but it's from a period when building practices were solid but not modern.
5. Is this a good investment for rental or resale?
Location is the main draw. Wildwood is a stable, mid-century neighbourhood with good access to amenities. The property's below-average size and assessed value mean your entry cost is lower, but appreciation will likely track with the area rather than outperform it. For rental, the smaller footprint may limit tenant pools (families often want more space), but it could work for a couple or single occupant. Resale may take longer if buyers are looking for more square footage or yard space.